The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 18 hours ago
Feb 10 2006 | 9:56pm ET
Coming off a year of so-so returns, hedge funds got off to a good start in January, with the preliminary results of the Greenwich-Van Global Hedge Fund Index and the Hennessee Hedge Fund Index both showing gains of 3.5% for the month, compared with the Standard & Poors 500, which returned 2.65%. Meanwhile, the Dow Jones Industrial Average was up 1.38% and the NASDAQ Composite Index rose 4.56%.
According to the Greenwich-Van index, emerging market managers continued to lead the way with estimated returns of 7.1% and aggressive long/short managers came in second, up 5.3%. Short sellers were the worst performers, down an estimated 4.7%.
The Greenwich-Van index compiled information from 426 funds and calculated hedge fund performance net of fees. Final January results will come out at the end of February and will include a larger number of funds.